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Scandis trade on the backfoot

USD
  • Scandis are now the worst performers against the USD, with NOK down 0.6% and SEK 0.57%, mostly on the risk off tone.
  • Some long SEK cover have also helped after the USDSEK tested the lowest level since 19th November last Thursday.
  • USDSEK resistance is now at 9.0997, the 76.4% retrace of the short term January fall.

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